Market Conditions 7/3/2016-7/9/2016

This week's market has shown a decrease in load to truck demand in most markets. Collectively, spot market loads decreased 3% while truck availability increased 3% compared to last week. When taking all averages, reefer rates dropped 1.5%, van rates decreased 1%, and flatbed rates have decreased by 0.5% compared to last week's rates. Taking an average of rate points from various metrics, we have found the national average rates to be the following: Reefer: $1.98/mi, Van: $1.65/mi, Flatbed: $1.96/mi.

 

Load densities on a national average remained high this week for van, reefer, and flatbed freight. As displayed below, load to truck ratios dropped later in the week. Production and shipping is expected to decrease for all three equipment types.

 

Refrigerated Freight 

 

The following states had the highest truckload volumes this past week: Arkansas, Missouri, Illinois, Kentucky, Tennessee, Louisiana, Mississippi, Alabama, South Carolina, and North Carolina. Georgia and Florida are slowing down as the fresh produce shifts northward. Freight volume out of Arizona continues to remain low, this is most pronounced at the Nogales border crossing. Laredo and McAllen, TX are seeing similar changes.

 

As expected, the higher volumes have transitioned further north this week with melons, mixed vegetables, corn, and berries being harvested. Minnesota, the Dakotas, and Washington still remain loose, shipping potatoes, onions and various finished goods. Arkansas, southern Missouri, and southern Illinois are shipping chicken and mixed produce. Blueberries and peaches are shipping out of North Carolina, South Carolina, and Georgia. Produce will continue to progress further north in the next few weeks as we continue through the summer months.

 

Monday: 

 

 

 Friday:

-DAT Power Load to Truck Reefer Densities 7/9/16

 

The rates below are average direct from customer rates. The bold line is the origin, left column is the destination. The following two columns are weekly ranges from the previous week. The next two columns are this week's ranges and the final column on the right is the percent changes from last week to this week.​

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/9/16

 

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov 7/9/16

 

Dry Freight

 

Load availability decreased 2% on a national average this week while truck availability decreased by 3%. Spot rates are highest in the sunbelt region of the United States. States with higher freight densities include Texas, Arkansas, Missouri, Illinois, Mississippi, Tennessee, Alabama, Georgia, and the Carolina's. California, Arizona, New Mexico, Texas, and Georgia are shipping melons and onions on vented vans in order to ship the required orders.  

​​

Monday:

 

Friday:

-DAT Power Load to Truck Van Densities 7/9/16

 

Flatbed Densities​​​​

 

Monday:​​​

 

Friday:

-DAT Power Load to Truck Flatbed Densities 7/9/16

 

Diesel Pricing

 

Fuel prices dropped slightly this week, bringing the national average price at $2.423 per gallon. This marks a $0.409 drop from the same week last year.

-U.S. Energy Information Administration, Independent Statistics & Analysis http://www.eia.gov/petroleum/gasdiesel 7/9/16

 

 

National Truck Shipments​

-United States Department of Agriculture, Agricultural Marketing Service, Market News https://www.marketnews.usda.gov/mnp/ 7/9/16

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